VOTER FORMATION PROJECT

EIN: 854227678 501(c)(3) Civil Rights & Advocacy

WASHINGTON, DC

Total Revenue
$6,711,693
Total Expenses
$7,309,509
Total Assets
$1,105,873
Net Assets
$-182,305
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DC
Principal Officer
Tatenda Musapatike
Tax Period
2024-01-01 to 2024-12-31

VOTER FORMATION PROJECT, founded in 2020, is a community nonprofit in the Civil Rights & Advocacy sector that reported $6.7M in total revenue in fiscal year 2024. Revenue surged 160% from the prior year, signaling strong growth momentum.

Mission

VOTER FORMATION PROJECT'S MISSION IS TO INCREASE PARTICIPATION IN LOCAL, STATE, AND NATIONAL ELECTIONS THROUGH DIGITAL COMMUNICATION, EXPERIMENTATION, AND KNOWLEDGE-SHARING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,711,693
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,711,693

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,710,493
Fundraising Expenses $917,235
Program Expenses $4,384,890
Other Expenses $4,599,016
TOTAL EXPENSES $7,309,509

Year-over-Year Comparison

2024 2023 Change
Revenue $6,711,693 $2,581,313 +1.6%
Expenses $7,309,509 $2,516,229 +1.9%
Net Income $-597,816 $65,084 -10.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
3
Employees
22
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$284,248
Total Directors
5
$284,248
Key Employees
0
$0
Highest Compensated
7
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tatenda Musapatike CEO 40.00
Officer Director
$265,093 $19,155 $284,248
Shannon Wurthman Director of Programs 40.00
Highest
$191,848 $7,451 $199,299
Holly Taines Director of Development 40.00
Highest
$182,787 $21,020 $203,807
Akiko Iwamizu Director of Technology 40.00
Highest
$156,644 $13,286 $169,930
Madison Hamson Senior Full-Stack Engineer 40.00
Highest
$147,706 $9,754 $157,460
Rosemarie Whitney-Eliason Media Director 40.00
Highest
$116,293 $11,889 $128,182
Ebonie Land Creative Director 40.00
Highest
$101,179 $11,430 $112,609
Ariel Lee Deputy Director of Programs 40.00
Highest
$101,031 $11,665 $112,696
Marissa McBride Director 0.50
Director
$0 $0 $0
Jamaa Bickley-King Director 0.50
Director
$0 $0 $0
Naomi Aberly Director 0.50
Director
$0 $0 $0
Yolanda Magallanes Director & Treasurer 0.50
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,711,693 $7,309,509 $1,105,873 $-597,816
2023 $2,581,313 $2,516,229 $585,483 $65,084
2022 $3,139,722 $3,287,541 $489,353 $-147,819
2021 $1,460,275 $974,149 $548,500 $486,126
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